Description
-CAP RATE 12%-List Price $7,999,999-Seller will carry a note-100% leased NNN-Tenant One, Total Health & Wellness lease terms end in 2036. Included in lease are four 5 year options.-Tenant Two, P1 Capital Group, LLC lease terms end in 2031. Included in lease is one 5 year option.-Each lease has annual 3% escalators, options also have annual 3% escalators.-Tenants are Arizona State Licensed Cannabis Dispensary, Cultivation, and manufacturers.-High grossing active dispensary tenant. Great demand for this site now and in the future.-Zoning is a special county island located in the city of Chandler.-This is a county island in Chandler, AZ.-Cap rate is based on 3rd year NOI*Only the sale of the property. Not a sale of the actual cannabis state license held by tenants
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0BEDS
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2.1ACRES
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0BATHS
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01/2 BATHS
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16,018SQFT
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$499$/SQFT
School Ratings & Info
Description
-CAP RATE 12%-List Price $7,999,999-Seller will carry a note-100% leased NNN-Tenant One, Total Health & Wellness lease terms end in 2036. Included in lease are four 5 year options.-Tenant Two, P1 Capital Group, LLC lease terms end in 2031. Included in lease is one 5 year option.-Each lease has annual 3% escalators, options also have annual 3% escalators.-Tenants are Arizona State Licensed Cannabis Dispensary, Cultivation, and manufacturers.-High grossing active dispensary tenant. Great demand for this site now and in the future.-Zoning is a special county island located in the city of Chandler.-This is a county island in Chandler, AZ.-Cap rate is based on 3rd year NOI*Only the sale of the property. Not a sale of the actual cannabis state license held by tenants
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